JOE please explain to me what is wrong with this guy?
The Feds balance sheet is " meaningless " ( if that's the case, why not expand it big time and send us all 500k so we can reload our offshore accts and have some real fun )
We can just write off 7 trillion of our debt and it will effect nothing , except people thoughts ???
Ummm, yes, the thoughts that all our debt holders have as they realize that they are screwed, and the our credit and currency worthless
Is this guy for real ??
The Feds balance sheet is " meaningless " ( if that's the case, why not expand it big time and send us all 500k so we can reload our offshore accts and have some real fun )
We can just write off 7 trillion of our debt and it will effect nothing , except people thoughts ???
Ummm, yes, the thoughts that all our debt holders have as they realize that they are screwed, and the our credit and currency worthless
Is this guy for real ??
Well, no, he wasn't lying and you just aren't smart enough to understand why he wasn't lying. And "not monetizing the debt", even though that's not what he said, is no different than what I'm saying. You really do not have a clue what you are talking about.
The Fed, instead, is focused on the asset side of its balance sheet — “on the mix of loans securities it holds and on how this composition of assets affects credit conditions for households and businesses.” Call it “credit easing,” he said. The phrase was adopted by the Fed after pondering several other labels for its new approach.
They can't send everyone $500k. One of the reasons why many of us who understand monetary policy, understood that the Fed could not do much to help the real economy. Their balance sheet is pretty much meaningless in its current state. So nice non-sequitur.
Yep.
Well, the $7 trillion I'm talking about is debt held by the Fed and Government, so you have to have a higher level of understanding to talk with me. I'm out of your pay rate. You should really discuss this stuff with Sheriff Joe. Loon on Loon.
You really shouldn't discuss economics with me. You are laughably ignorant. You don't even know what liquidate means, you think Hitler is a socialist because he siad so, you don't understand what "very likely" means, you fail at basic math... it's just not even fun anymore. I honestly think Sheriff Joe is smarter than you, lol. And that is crazy, because he is real life retarded.
If anybody listened to these two fucking clowns the last 6-7 years they would be absolutely broke. And these guys are still at it, lmao. Up there with Willie's election predictions, lmao. These two are idiots, lol.
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Canadian Joe 2009: "30 days from now, the Dow will be 5000 or lower -- book it. Thank you Barry and Barney for destroying America!"
Brucefan 2009: "You can sell your stock, but what will you be able to buy with your money???????
Brace for impact, the crisis is in front of us"
Brucefan 2009: "VAT Tax coming, and I dont mean to replace the income tax, in addition to
RON PAUL SAVE US!!"
Canadian Joe 2009: "What a joke.
This is gonna dry up almost all liquidity in the markets.
Gee, I wonder why stocks tanked today and businesses are still struggling.
How is this going to help increase lending and job creation?
Until this Marxist is booted out, the best we can hope for is stagnation. The worst would be total economic collapse.
Everything the ghetto's Black Jesus touches TURNS TO CRAP!
How do you like Obozo now, Warren?
"
Brucefan 2010: "Sure, dollar started back down on its march toward zero
Again any uptick in the market is all because of inflation!
The next strong leg down though will be when all confidence is lost on the dollar
Barak Obama has made the problems much worse, and continues to pour salt on the wound"
Brucefan 2010: "
You have been warned
still say Dow 5000, gold 5000
but could be Dow 15,000, gold 15,000
depends how stupid we are in destroying our money"
Canadian Joe 2010: "The fan is definitely on but the shit hasn't hit it yet."
Canadian Joe 2010: referencing: "Dow Faces Bouncy Ride to 5,000"
-------------------------------------------------------
Canadian Joe 2009: "30 days from now, the Dow will be 5000 or lower -- book it. Thank you Barry and Barney for destroying America!"
Brucefan 2009: "You can sell your stock, but what will you be able to buy with your money???????
Brace for impact, the crisis is in front of us"
Brucefan 2009: "VAT Tax coming, and I dont mean to replace the income tax, in addition to
RON PAUL SAVE US!!"
Canadian Joe 2009: "What a joke.
This is gonna dry up almost all liquidity in the markets.
Gee, I wonder why stocks tanked today and businesses are still struggling.
How is this going to help increase lending and job creation?
Until this Marxist is booted out, the best we can hope for is stagnation. The worst would be total economic collapse.
Everything the ghetto's Black Jesus touches TURNS TO CRAP!
How do you like Obozo now, Warren?
Brucefan 2010: "Sure, dollar started back down on its march toward zero
Again any uptick in the market is all because of inflation!
The next strong leg down though will be when all confidence is lost on the dollar
Barak Obama has made the problems much worse, and continues to pour salt on the wound"
Brucefan 2010: "
You have been warned
still say Dow 5000, gold 5000
but could be Dow 15,000, gold 15,000
depends how stupid we are in destroying our money"
Canadian Joe 2010: "The fan is definitely on but the shit hasn't hit it yet."
Canadian Joe 2010: referencing: "Dow Faces Bouncy Ride to 5,000"
LMAO!!! This is the shit these guys believe. And after being absolutely wrong their entire lives, they still believe it. It is hilarious how anti-govt loons work. They do not care whatsoever about being right or wrong, they simply care about being a crazy loon. You can't write better comedy than this. And these fools are still talking.
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2010: "Stocks are currently in a bear-market rally, and looking at charts and past trends, unemployment and leading indicators suggest the Dow will drop to 5,000 in the next two to two-and-a-half years, Nenner told CNBC in an e-mail."
2010: Robert Prechter: We're On The Verge Of The Biggest Bear Market In 300 Years
Canadian Joe 2010:
"brucefan, very good points, but what happens when the well runs completely dry? I mean BONE dry. What happens when the Chinese pitt boss cuts off Gamblin' Uncle Sam? Then what?
A market 'correction' of Biblical proportions?
Regressions are healthy and necessary for any market to function optimally.
What these idiot tenured academics are doing is beyond nuts!"
Lmao!!! Dow at
-----------------
2010: "Stocks are currently in a bear-market rally, and looking at charts and past trends, unemployment and leading indicators suggest the Dow will drop to 5,000 in the next two to two-and-a-half years, Nenner told CNBC in an e-mail."
2010: Robert Prechter: We're On The Verge Of The Biggest Bear Market In 300 Years
Canadian Joe 2010:
"brucefan, very good points, but what happens when the well runs completely dry? I mean BONE dry. What happens when the Chinese pitt boss cuts off Gamblin' Uncle Sam? Then what?
A market 'correction' of Biblical proportions?
Regressions are healthy and necessary for any market to function optimally.
What these idiot tenured academics are doing is beyond nuts!"
Lmao!!! Dow at
I like this Canadian Joe and how he thinks: he was right.
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10 Charts Revealing America’s Painful ‘Jobless Recovery’
Reactions
The textbook definition says the Great Recession technically ended in the summer of 2009, after the U.S. gross domestic product stopped contracting and started to expand. However, many Americans continue to feel the aftershocks of the worst financial crisis since the Great Depression as the labor market remains a sore spot for millions of households.
The Bureau of Labor Statistics recently breathed new meaning into the “jobless recovery.” The U.S. economy added only 74,000 jobs in December, the smallest monthly gain in three years and a far cry from the 200,000 jobs estimated by economists. A slow decline in the headline unemployment rate and modest economic growth in recent years has been good enough for the Federal Reserve to dial down bond purchases, but the overall employment situation in America remains sluggish at best.
More jobs were lost in the recent recession than any other post-World War II downturn. Making matters worse, the majority of those jobs have yet to come back. The quality of jobs that have been added to the economy are also a concern. Here’s a a look at 10 charts showing the bigger jobs picture.
1. Unemployment Rates
The headline unemployment rate fell to 6.7 percent last month from 7 percent in November. That is below the peak of 10 percent in 2009, but it took five years for the rate to decline under 7 percent.
Additionally, the U-6 unemployment rate, which includes everyone in the headline rate — plus people who are employed part-time but prefer a full-time position, or want work but have stopped looking — remains stubbornly high at 13.1 percent.
2. Part-Time Workers
The number of people employed part-time because of economic reasons is nearly 8 million. These individuals had their hours slashed or were unable to find a full-time job. They are also one reason for the high U-6 unemployment rate.
3. Manufacturing
The backbone of the U.S. economy and employment used to be manufacturing, but this is clearly no longer the case. The manufacturing sector has been bleeding jobs for decades. The number of employees in the manufacturing sector is near its lowest point since 1946. Over the past decade, more than 2.6 million manufacturing jobs have been destroyed.
What do you think?
4. Employment-to-Population Ratio
Despite the decline in the headline unemployment rate over recent years, the percentage of working-age Americans with a job is under 59 percent, its lowest level since 1983. This ratio will have difficulty improving. The adult population increases by about 200,000 people each month, but the economy has averaged a monthly gain of only 182,000 jobs in 2013.
5. Quality
A growing number of analysts and economists are beginning to realize a quality issue with the jobs being created. Low-wage industries such as leisure and hospitality along with retail have been responsible for a large part of the employment gains. Over the past year, these two industries are responsible for more than 800,000 new jobs. In December, even the health care industry witnessed its first annual decline in jobs since 2003.
6. Paychecks
Wages and salaries as a percentage of GDP have been declining for over four decades. According to recent data from the U.S. Bureau of Labor Statistics, employees in seven of the 10 largest occupations typically earn less than $30,000 a year. A retail salesperson — the most popular occupation — earned an average of only $25,310 last year. Overall, wages grew only 1.8 percent in 2013.
7. Job Hunt
Financial advisers often advocate an emergency savings fund of around eight months. The simple reason for this is that it takes the average unemployed person about 36 weeks to find a new job. That is below the high of 41 weeks seen in recent years, but well above historical standards.
8. Hours Worked
The typical work week has also seen a dramatic change over the decades. The average amount of annual time worked per employed person in the U.S. has declined from 1,900 hours in 1970 to about 1,760 hours in 2011.
9. Labor Force
A large catalyst for the declining headline unemployment is due to job hunters dropping out of the labor force. The share of working-age Americans who were employed or looking for work sank to 62.8 percent last month, its lowest level since 1978 — a time when fewer women were participating in the labor force. In fact, if the participation rate was closer to its average seen over the past three decades, the headline unemployment rate would be in the neighborhood of 11 percent.
10. Long-Term Unemployment
In December, the total number of unemployed persons declined by 490,000 to 10.4 million. Meanwhile, the number of long-term unemployed, those jobless for 27 weeks or more, was 3.9 million. Those individuals constitute 37.7 percent of the unemployed, and their numbers have shrunk by just 894,000 in the past 12 months.
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10 Charts Revealing America’s Painful ‘Jobless Recovery’
Reactions
The textbook definition says the Great Recession technically ended in the summer of 2009, after the U.S. gross domestic product stopped contracting and started to expand. However, many Americans continue to feel the aftershocks of the worst financial crisis since the Great Depression as the labor market remains a sore spot for millions of households.
The Bureau of Labor Statistics recently breathed new meaning into the “jobless recovery.” The U.S. economy added only 74,000 jobs in December, the smallest monthly gain in three years and a far cry from the 200,000 jobs estimated by economists. A slow decline in the headline unemployment rate and modest economic growth in recent years has been good enough for the Federal Reserve to dial down bond purchases, but the overall employment situation in America remains sluggish at best.
More jobs were lost in the recent recession than any other post-World War II downturn. Making matters worse, the majority of those jobs have yet to come back. The quality of jobs that have been added to the economy are also a concern. Here’s a a look at 10 charts showing the bigger jobs picture.
1. Unemployment Rates
The headline unemployment rate fell to 6.7 percent last month from 7 percent in November. That is below the peak of 10 percent in 2009, but it took five years for the rate to decline under 7 percent.
Additionally, the U-6 unemployment rate, which includes everyone in the headline rate — plus people who are employed part-time but prefer a full-time position, or want work but have stopped looking — remains stubbornly high at 13.1 percent.
2. Part-Time Workers
The number of people employed part-time because of economic reasons is nearly 8 million. These individuals had their hours slashed or were unable to find a full-time job. They are also one reason for the high U-6 unemployment rate.
3. Manufacturing
The backbone of the U.S. economy and employment used to be manufacturing, but this is clearly no longer the case. The manufacturing sector has been bleeding jobs for decades. The number of employees in the manufacturing sector is near its lowest point since 1946. Over the past decade, more than 2.6 million manufacturing jobs have been destroyed.
What do you think?
4. Employment-to-Population Ratio
Despite the decline in the headline unemployment rate over recent years, the percentage of working-age Americans with a job is under 59 percent, its lowest level since 1983. This ratio will have difficulty improving. The adult population increases by about 200,000 people each month, but the economy has averaged a monthly gain of only 182,000 jobs in 2013.
5. Quality
A growing number of analysts and economists are beginning to realize a quality issue with the jobs being created. Low-wage industries such as leisure and hospitality along with retail have been responsible for a large part of the employment gains. Over the past year, these two industries are responsible for more than 800,000 new jobs. In December, even the health care industry witnessed its first annual decline in jobs since 2003.
6. Paychecks
Wages and salaries as a percentage of GDP have been declining for over four decades. According to recent data from the U.S. Bureau of Labor Statistics, employees in seven of the 10 largest occupations typically earn less than $30,000 a year. A retail salesperson — the most popular occupation — earned an average of only $25,310 last year. Overall, wages grew only 1.8 percent in 2013.
7. Job Hunt
Financial advisers often advocate an emergency savings fund of around eight months. The simple reason for this is that it takes the average unemployed person about 36 weeks to find a new job. That is below the high of 41 weeks seen in recent years, but well above historical standards.
8. Hours Worked
The typical work week has also seen a dramatic change over the decades. The average amount of annual time worked per employed person in the U.S. has declined from 1,900 hours in 1970 to about 1,760 hours in 2011.
9. Labor Force
A large catalyst for the declining headline unemployment is due to job hunters dropping out of the labor force. The share of working-age Americans who were employed or looking for work sank to 62.8 percent last month, its lowest level since 1978 — a time when fewer women were participating in the labor force. In fact, if the participation rate was closer to its average seen over the past three decades, the headline unemployment rate would be in the neighborhood of 11 percent.
10. Long-Term Unemployment
In December, the total number of unemployed persons declined by 490,000 to 10.4 million. Meanwhile, the number of long-term unemployed, those jobless for 27 weeks or more, was 3.9 million. Those individuals constitute 37.7 percent of the unemployed, and their numbers have shrunk by just 894,000 in the past 12 months.
Hahahaha, Canadian Joe actually thinks he's right because he posts labor participation rates... lol! You are a never ending comedy show. I really should be paying you for this, but if you're willing to keep providing it for free, I'm going to take advantage.
Where's that $5,000 gold at?
Where's that 5,000 stock market at?
Where's the inflation at?
Why hasn't China stopped "funding Uncle Sam"?
Why hasn't the dollar collapsed?
It's been 6-7 years, everything you said has done the complete opposite. Like you weren't even in the vicinity of reality.
You two clowns need to take a step back and start asking me questions. This way you can look a lot less dumb in the future!!
Where's that $5,000 gold at?
Where's that 5,000 stock market at?
Where's the inflation at?
Why hasn't China stopped "funding Uncle Sam"?
Why hasn't the dollar collapsed?
It's been 6-7 years, everything you said has done the complete opposite. Like you weren't even in the vicinity of reality.
You two clowns need to take a step back and start asking me questions. This way you can look a lot less dumb in the future!!
Only a conservative can claim the stock market will be at 5,000 and still claim they are right when it hits 17,000.
Only a conservative can claim gold will be at $5,000 and still claim they are right when it hits $1,200.
Only a conservative can claim Obama would lose the election but claim they were still right about the election when he wins.
Conservatives can do a lot of crazy shit, lmao!!!
Only a conservative can claim gold will be at $5,000 and still claim they are right when it hits $1,200.
Only a conservative can claim Obama would lose the election but claim they were still right about the election when he wins.
Conservatives can do a lot of crazy shit, lmao!!!
no fundamental economic growth
no new investment capital flowing into the economy
businesses are contracting or closing, not expanding and flourishing
no solid job growth
"new jobs" are paying shit
debt as far as the eye can see at every level
disappearing middle class
record number on food stamps
Nothing but a massive phony money transfer from the Fed into the stock market (because there's nowhere else for investors to go)
Instead of building a fundamentally sound economy, the social engineers have decided to target the most popular economic indicators (i.e., unemployment) and manipulate the fuck out of the numbers for the headlines.
Psst, an economy isn't fundamentally sound if the only beneficiaries are Wall Street investors, LOL.
How long do these Weimar Keynesians believe this ride can last? Forever?
face)(*^%
no new investment capital flowing into the economy
businesses are contracting or closing, not expanding and flourishing
no solid job growth
"new jobs" are paying shit
debt as far as the eye can see at every level
disappearing middle class
record number on food stamps
Nothing but a massive phony money transfer from the Fed into the stock market (because there's nowhere else for investors to go)
Instead of building a fundamentally sound economy, the social engineers have decided to target the most popular economic indicators (i.e., unemployment) and manipulate the fuck out of the numbers for the headlines.
Psst, an economy isn't fundamentally sound if the only beneficiaries are Wall Street investors, LOL.
How long do these Weimar Keynesians believe this ride can last? Forever?
face)(*^%
Hahahaha, Canadian Joe actually thinks he's right because he posts labor participation rates... lol! You are a never ending comedy show. I really should be paying you for this, but if you're willing to keep providing it for free, I'm going to take advantage.
Where's that $5,000 gold at?
Where's that 5,000 stock market at?
Where's the inflation at?
Why hasn't China stopped "funding Uncle Sam"?
Why hasn't the dollar collapsed?
It's been 6-7 years, everything you said has done the complete opposite. Like you weren't even in the vicinity of reality.
You two clowns need to take a step back and start asking me questions. This way you can look a lot less dumb in the future!!
